Luggage and handbags have, over the recent years, managed to shed their traditional utilitarian tag and have now evolved as lifestyle products. Increasing business and leisure travels coupled with rising disposable income and organized retailing have led to increased demand for branded accessories. Players closely follow trends across international design houses and also actively collaborate with renowned designers to introduce aspirational products in the premium segments. Leading companies undertake intense branding and promotional campaigns to reach to a wider audience and ensure brand recall.
This note on Luggage and Handbag Sector in India has been prepared through extensive secondary research supported by detailed analysis and focuses on market details, major players, recent developments and key drivers.
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